Revisiting the Firm Ownership and Performance Debate in an Emerging Economy during Economic Reforms: Impact of Change in Publicness

Other
Chakrabarti, Amit Baran.,Ray, Sougata. "Revisiting the Firm Ownership and Performance Debate in an Emerging Economy during Economic Reforms: Impact of Change in Publicness", Noida, 4th biennial conference of the Indian Academy of Management (IAM), 2015
Abstract:
This study takes a nuanced view of state-owned enterprises as hybrid organizations. Rather than viewing firms dichotomously as either state owned or privately owned, we consider them as a continuum on three dimensions of publicness. We theorize an inverted U-shaped relationship between publicness and firm profitability. We also theorize that the inverted Ushaped relationship will be shallower for bigger firms. We test and find support for the theorized relationships in a large sample of 214,401 observations belonging to 21,482 firms taken over a fourteen year period from India.